DLG Management Acquires Mixed-Use Property In Chicago For $57M
FINANCED
$57,000,000
Illinois
See Similar DealsMixed-use603 SF
Financed 04/07/2021
FINANCED
DLG Management Acquires Mixed-Use Property In Chicago For $57M
3817-45 North Broadway, Chicago, IL, USA
See Similar DealsMixed-use603 SF
Financed 04/07/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$94,527
Total Square Footage:603 SF
Transaction Type:Loan
The mixed-use property located at 3817-45 North Broadway in Chicago was involved in a recent closed transaction. The property is owned by Dave Gassman of DLG Management and was represented by broker Gershon Friedman of Meridian Capital Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $57,000,000
- Loan Terms: 15-year loan
The 15-year loan amount for this mixed-use property was $57,000,000. The transaction took place on April 7, 2021. The property is located at 3817-45 North Broadway in Chicago. Dave Gassman of DLG Management served as the landlord, while Gershon Friedman of Meridian Capital Group represented the property on the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,000,000.00
Monthly NOI$380,000.00
Monthly Debt Service$360,278.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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